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that difference represents a deficit of $1.1 trillion. so you can see we are very close to being at a 60 year high in spending, and very close to being at a 60 year low in revenue. so i would say to those who say we just have a spending problem, i think you got that half right. i think we've also got a revenue problem. that needs to be addressed. let's go to the next slide if we can. the result of these deficits and debt is that we now have a gross debt that is more than 100% of our gross domestic product. you can see right in the middle of that graph, in 2012, the gross debt of the united states has now reached 104%. why does that matter? the best academic research, a book by rogoff of harvard, reinhard, the university of michigan i think she was when she did the study, look at 200 use of economic history. and concluded once you get a gross debt of more than 90% of your gross domestic product, your future economic prospects are dramatically reduced. future economic growth is reduced anywhere from 25 to 33%. so these are not just numbers
that difference represents a deficit of $1.1 trillion. so you can see we are very close to being at a 60 year high in spending, and very close to being at a 60 year low in revenue. so i would say to those who say we just have a spending problem, i think you got that half right. i think we've also got a revenue problem. that needs to be addressed. let's go to the next slide if we can. the result of these deficits and debt is that we now have a gross debt that is more than 100% of our gross...
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Jan 15, 2013
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that ate up a good decade, not to mention adding to the defic deficit. then we had a gargantuan recession and fiscal crisis. so we now are maybe getting a little bit back to normal, people are looking at this structure and the legacy of the last two decades, which is enormous deficits and saying okay, what do we do about this going forward? and that's were i think we get the potential for change. >> ron williams on the iowa has a question. >> the question is really based on -- what you learn business is once an organization is created, once it lives it wants to grow. and that organizations also have a way of becoming their own customer. ending this is it just doesn't work because there's no revenue in being your own customer. so the question really is a sidestep question which is, what happens if we can develop ways to sunset organizations, regulations that would require a review of the original problem which is often a very legitimate problem, doesn't still exist, does it require the same solution. the second question or comment is around risk, and i'm
that ate up a good decade, not to mention adding to the defic deficit. then we had a gargantuan recession and fiscal crisis. so we now are maybe getting a little bit back to normal, people are looking at this structure and the legacy of the last two decades, which is enormous deficits and saying okay, what do we do about this going forward? and that's were i think we get the potential for change. >> ron williams on the iowa has a question. >> the question is really based on -- what...
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Jan 14, 2013
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but in this time of trillion dollar budget deficits bailouts and -- i think we have lost track of how much money it is. it comes to about $450 out of the budget of household in the country. that's tab for every household in america. $50. i don't think they begrudge a penny provided they were assured it was going for immediate emergency relief, and recovery. but looking at the package, $50 billion. $16 billion is to begin triple the amount being spent for community development block grant. we know what the program is. it's funded questionable projects as doggy daycare center in ohio, and a day at the circus in new york. the omb has repeatedly warned us that the program is in their words, ineffective. that is the bureaucracy's polite term for programs where they cannot trace the funding and cannot show any kind of effectivenesses. the legal authorization for this program expired in 1994, by this measure. as i said country triples. $2 billion is for road repair. including as he pointed out up to $20 million in guam the islands, and american samoa that aren't in the same ocean as hurrican
but in this time of trillion dollar budget deficits bailouts and -- i think we have lost track of how much money it is. it comes to about $450 out of the budget of household in the country. that's tab for every household in america. $50. i don't think they begrudge a penny provided they were assured it was going for immediate emergency relief, and recovery. but looking at the package, $50 billion. $16 billion is to begin triple the amount being spent for community development block grant. we...
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Jan 16, 2013
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is for the two sides to get together to come up with a comprehensive debt and deficit reduction plan. the debt ceiling and all around it doesn't really solve the problem. it is a waste of time. adam: let me interrupt you because we have had this debt ceiling essentially part of our discussion for almost 100 years, going back to 1917 with the issue of liberty bonds. now today we talk about the debt ceiling and we talk about its impact, this debate for the people who are watching, and, getting to this craziness we see the market reacting in a way you can't anticipate. what would happen to our 401(k) if congress he said they have to get together, i was thinking two words, "good luck." whether they can't do something? >> if they don't raise the debt ceiling and let's say we get debt downgrades, the market has a fit basically and drops as they did in 2011, all our investments will get hit. the stock market will go down as it did in a big way in the summer of 2011. on the other hand, if they extend the limits, the debt ceiling limit and do something more, maybe not a grand compromise, somet
is for the two sides to get together to come up with a comprehensive debt and deficit reduction plan. the debt ceiling and all around it doesn't really solve the problem. it is a waste of time. adam: let me interrupt you because we have had this debt ceiling essentially part of our discussion for almost 100 years, going back to 1917 with the issue of liberty bonds. now today we talk about the debt ceiling and we talk about its impact, this debate for the people who are watching, and, getting to...
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what's amazing is that people are now more concerned with the deficit and our dysfunctional government than they are with unemployment. the first time since 2009. >>> there's a troubling new statistic from the department of defense involving u.s. service members. the number of suicides in the military surged to a record high of 349 last year. that's according to the associated press. that exceeds the 295 americans who died fighting in afghanistan in 2012. >>> the military has launched a number of new programs to improve mental health services and increase awareness of the problem which the pentagon has now labeled an epidemic. >>> there's an unlikely voice entering the obesity debate. with local governments considering measures similar to mayor bloomberg's crackdown on large sugary drinks in new york city, soda giant coca-cola now stepping into the conversation. coke has unleashed a new ad campaign that defends its record while acknowledging the company's role when it comes to america's weight problem. nbc's chris jansing with the details. ♪ ♪ teach the world to sing to perfect har
what's amazing is that people are now more concerned with the deficit and our dysfunctional government than they are with unemployment. the first time since 2009. >>> there's a troubling new statistic from the department of defense involving u.s. service members. the number of suicides in the military surged to a record high of 349 last year. that's according to the associated press. that exceeds the 295 americans who died fighting in afghanistan in 2012. >>> the military has...
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Jan 19, 2013
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.$8 million deficit this city is running. when they filed for bankruptcy they had wanted to $50,000 in the citibank account. john: the politician said we did not see it coming. they owed 46 million with panetta thousand of the bank? >> they're required to put 1.8 million dollars per month into koppers. john: they tried to raise money through fees like expensive parking tickets. >> i paid $500. >> but he was going 90 in the school's own. john: with that does not cover the pension obligations. >> not sandy know, vallejo, a compton, a stockton or any of their city. they are failing. john: i hear there is more civil society? volunteers working in the animal shelter, park maintenance, a neighborhood watch is starting to blossom? >> bay plant their city back. they take it themselves. so the private solution is always better. john: that is where you go when the government spends of the many. next we take this problem and see what it does to the whole state. it is not pretty and. john: california is paradise for government workers. h
.$8 million deficit this city is running. when they filed for bankruptcy they had wanted to $50,000 in the citibank account. john: the politician said we did not see it coming. they owed 46 million with panetta thousand of the bank? >> they're required to put 1.8 million dollars per month into koppers. john: they tried to raise money through fees like expensive parking tickets. >> i paid $500. >> but he was going 90 in the school's own. john: with that does not cover the...
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Jan 15, 2013
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the deficit. so it shouldn't be surprising, given all this talk, that the american people think washington is hurting, rather than helping, the country at the moment. they see their representatives consumed with partisan brinksmanship over paying our bills, while they overwhelmingly want us to focus on growing the economy and creating more jobs. so let's finish this debate. let's give our businesses and the world the certainty that our economy and our reputation are still second to none. we pay our bills. we handle our business. and then we can move on -- because america has a lot to do. we've got to create more jobs. ofve got to boost the wages those who have work. we've got to reach for energy independence. we've got to reform our immigration system. we've got to give our children the best education possible, and we've got to do everything we can to protect them from the horrors of gun violence. and let me say i'm grateful to vice president biden for his work on this issue of gun violence and fo
the deficit. so it shouldn't be surprising, given all this talk, that the american people think washington is hurting, rather than helping, the country at the moment. they see their representatives consumed with partisan brinksmanship over paying our bills, while they overwhelmingly want us to focus on growing the economy and creating more jobs. so let's finish this debate. let's give our businesses and the world the certainty that our economy and our reputation are still second to none. we pay...
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>> let me just say that the president has already sign into law about $2.4 trillion worth of deficit reduction and three-quarters of that -- >> wars we stopped fighting, already factored in. >> a bunch of that is for spending cuts. not necessarily spending cults i really -- cuts i like but spending cuts nonetheless. >> you disagree with him when he says we don't have a spending problem? >> no. i think we do have certain things we can cut in spending, but in fact right now, i think the crisis we have right now is a jobs crisis. i think it's an income inequality crisis in our country. i think there's an investment crisis. we don't talk enough, neil, about the third leg of debt reduction, which is not only spending, not only raising revenue, but growth in the economy. and you know? this debt ceiling issue is just crazy. i stand -- >> was it crazy seven years ago when your democratic colleague voted against raising it? was it crazy then? >> well, except it wasn't real and this is real. the last final -- >> real is in the eye of the beholder. >> no, no. >> i guess it's -- >> it was more -
>> let me just say that the president has already sign into law about $2.4 trillion worth of deficit reduction and three-quarters of that -- >> wars we stopped fighting, already factored in. >> a bunch of that is for spending cuts. not necessarily spending cults i really -- cuts i like but spending cuts nonetheless. >> you disagree with him when he says we don't have a spending problem? >> no. i think we do have certain things we can cut in spending, but in fact...
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the deficit. there has probably been more pain and drama in getting there than we needed. so finishing the job shouldn't be that difficult if everybody comes to the conversation with an open mind and if we recognize that there's some things like not paying our bills that should be out of bounds. all right? i'm going to take one last question. jackie colmes. >> mr. president. >> yeah. >> i like to ask you, now that you reached the end of your first term, starting your second, about a couple of critsims. one longstanding, another more recent. the longstanding one seems to become a truism of sorts that you and your staff are too insular. that you don't socialize enough. and the second, more recent criticism that your team taking shape knit diverse, isn't as diverse as it could be or even was in terms of getting additional voices, gender, race, ethnic diversity. i would like you to address both of those. >> let me take the second one first. you know, i'm very proud in the first four years we had as di
the deficit. there has probably been more pain and drama in getting there than we needed. so finishing the job shouldn't be that difficult if everybody comes to the conversation with an open mind and if we recognize that there's some things like not paying our bills that should be out of bounds. all right? i'm going to take one last question. jackie colmes. >> mr. president. >> yeah. >> i like to ask you, now that you reached the end of your first term, starting your second,...
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those problems this country faces, according to respondents of the latest gallup poll looking at the deficit and the economy and unemployment is far more important. public policy in washington. the president is going after our guns, unveiling the most sweeping set of gun-control proposals and nearly two decades here is this moments. the reson that there is so for the second amendment to prevail despite his assault. the decade-long assault weapons ban, which ran from 1994, it did not work. 1994 was a different year, by the way, then this year, 2013. and the political conditions are quite different because the reality of america is quite different. it is important to look back and think about the fact that in '94, the house, the senate, and the white house were all controlled by democrats. today republicans control just the house as the president likes to constantly remind us. back then president clinton pushed the assault weapons ban as part of a broader crime bill. it was not just an imperious and grabbed, but it was an important piece of legislation, and it was a different time. despite the
those problems this country faces, according to respondents of the latest gallup poll looking at the deficit and the economy and unemployment is far more important. public policy in washington. the president is going after our guns, unveiling the most sweeping set of gun-control proposals and nearly two decades here is this moments. the reson that there is so for the second amendment to prevail despite his assault. the decade-long assault weapons ban, which ran from 1994, it did not work. 1994...
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wilson finds zach miller in the back of the end zone, the seahawks cut the deficit to six points. seahawks still down by six with less than a minute to play on third and five, wilson avoids the sack, flips it out to marshon lynch who takes it down the sideline and gets the seahawks inside the 4 yard line. two plays later, lynch bulls his way in for the touchdown. he fumbled as he broke the plain, but the play was upheld on review. seahawks take the lead on the extra point. the falcons are on the verge of an epic collapse, but they get into field goal range with 13 seconds to play. matt ryan, with the 49-yarder to take the lead. and pete carroll had called a time out before the ball was kicked. another shot at it, this time he puts it through the uprights. last chance for the seahawks, wilson throws up the hail mary to the end zone, but julio jones, the star wide receiver comes down with the interception to end the game. falcons win in dramatic fashion, 30-28 to get to their first nfc championship game since 1999. after the game, quarterback matt ryan spoke about his winning first
wilson finds zach miller in the back of the end zone, the seahawks cut the deficit to six points. seahawks still down by six with less than a minute to play on third and five, wilson avoids the sack, flips it out to marshon lynch who takes it down the sideline and gets the seahawks inside the 4 yard line. two plays later, lynch bulls his way in for the touchdown. he fumbled as he broke the plain, but the play was upheld on review. seahawks take the lead on the extra point. the falcons are on...
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Jan 20, 2013
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the deficit. unemployment. economic growth. we are not having an intelligent debate about solving those. we will not hear the president talk intelligently about them. i hope i am wrong. >> do you think politicians think americans are too stupid to know what going on? >> yes. ross ten -- rostenskowsky went to prison, and so does duke cunningham. >> i disagree respectfully with john and i would say the american people are disappointed because they expect more and they know they can get more. there you are been senators who have risen above and we are not seeing people who put the people's business ahead of their political interests. partisanship is standing in the way of solving problems which is why we have talked. >> a perfect example is the simpson-bowles debt reduction decision, both had a good plan, ignored bit establishment by both parties, the president appointed them and he will not talk about it and the republicans who sponsored it do not want to talk about it but it is the one route to solving some of the main problems.
the deficit. unemployment. economic growth. we are not having an intelligent debate about solving those. we will not hear the president talk intelligently about them. i hope i am wrong. >> do you think politicians think americans are too stupid to know what going on? >> yes. ross ten -- rostenskowsky went to prison, and so does duke cunningham. >> i disagree respectfully with john and i would say the american people are disappointed because they expect more and they know they...
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Jan 21, 2013
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will get smaller. >> when it comes to the deficit in spending 83 percent were told they believe government spending is out of control that's up from 78 percent back in february 2010 and the next economic debate is whether to raise that debt ceiling. 69 percent of you said it should only be raised after major cuts are made where 23 percent say it would be reckless not to. it is coming up. >>> powerful wind gusts tearing through the midwest knocking down this frtree and causing ito fall into the house in ohio. luckily the people inside the home were in the basement so they were not injured. >>> with the stong winds comes a a -- strong winds comes a bitter cold snap. for more let's go to maria molina. >> we are not looking at cold temperatures across the areas of the midwest but also in the oifrt ea northeast. we didn't get this cold in places like the northeast. take a look at portions of the midwest. 6 below zero the current temperature in minneapolis. that is not the windchill. it feels even colder and some places will be looking at windchill temperatures more than 20 degrees below zero. w
will get smaller. >> when it comes to the deficit in spending 83 percent were told they believe government spending is out of control that's up from 78 percent back in february 2010 and the next economic debate is whether to raise that debt ceiling. 69 percent of you said it should only be raised after major cuts are made where 23 percent say it would be reckless not to. it is coming up. >>> powerful wind gusts tearing through the midwest knocking down this frtree and causing ito...
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Jan 19, 2013
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has run up 4 consecutive trillion-dollar federal budget deficits in his first term. he has an economy that is not being returned to prosperity. 23 million people still unemployed. we have, i think bill. i think if i may. you undersell folks just a little bit in that i think everybody is smart enough to know there is is a problem. i think everybody is pretty much smart enough to know that we have got to come up with a solution. when you have a national media part of this coalition of interest and depen dense on the democratic party, there is no way for them to have validation. there is no way for them to have an aggressive watchdog that would normally, traditionally, historically be attacking the miss adventure of those in power. >> we agree that the media is in the tank. i'm almost stunned that you think, to quote you, everybody understands the issue. i will tell you why, you go right outside the fox news channel building now and you stop people and go what about the federal debt? come on. >> let me put it in some context. there was a time in this country and everybo
has run up 4 consecutive trillion-dollar federal budget deficits in his first term. he has an economy that is not being returned to prosperity. 23 million people still unemployed. we have, i think bill. i think if i may. you undersell folks just a little bit in that i think everybody is smart enough to know there is is a problem. i think everybody is pretty much smart enough to know that we have got to come up with a solution. when you have a national media part of this coalition of interest...
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. >> while i am willing to p compromise and find common ground over the deficit we cannot afford a debate about whether or not they should pay the bills they have already racked up. congressional republicans refuse to pay america's bills on time social security checks and veteran's benefits will be delayed. >> we are not going to do it without putting in place a spending reform. these cuts promise to transpire but never do are not going to do the job any more. >> senate republican leader mitch mcconnell wanted to say the president needs to get serious about it. you can see the battle lines clearly drawn in washington. >> also pointing out in 2006 president obama then senator voted against raising the ceiling. >> they discussed his time spent in prison whether he feared for his life and what the first moments were like for him. >> i came in the prison around 3 in the morning. initially there's some pressure put on me. they tried to export money from the family, but the american consulate was contacted and they moved me out of the general population and put me into like a single place by my
. >> while i am willing to p compromise and find common ground over the deficit we cannot afford a debate about whether or not they should pay the bills they have already racked up. congressional republicans refuse to pay america's bills on time social security checks and veteran's benefits will be delayed. >> we are not going to do it without putting in place a spending reform. these cuts promise to transpire but never do are not going to do the job any more. >> senate...
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. >> megyn: and my last question for you quickly he's put in place, 3.25 in place of deficit reduction, a little short of 4 trillion we need, but he would have the american public believe he's significantly reduced our deficit as president. >> which makes you wonder why we need another 2 trillion dollars so desperately now as we are getting ready for the beginning of his second term. obviously, that's 2 1/2 trillion that is, well, fanciful in my opinion and ethereal in others and it's not a reduction in baseline, it's a reduction in the rate of growth of spending, which is again suffocating to the private economy and unsustainable over the course of the next several years. >> megyn: one thing we did hear the president reference personally, we heard it from nancy pelosi prior, but the president personally talking about now closing more loopholes and that means higher taxes. we don't know on who, but he would not specify any specific spending reductions and refusing to negotiate with the house republicans on the issue of the debt ceiling. lou, an interesting couple of months. looking for
. >> megyn: and my last question for you quickly he's put in place, 3.25 in place of deficit reduction, a little short of 4 trillion we need, but he would have the american public believe he's significantly reduced our deficit as president. >> which makes you wonder why we need another 2 trillion dollars so desperately now as we are getting ready for the beginning of his second term. obviously, that's 2 1/2 trillion that is, well, fanciful in my opinion and ethereal in others and...
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growing economy along with making meaningful projects, with immigration reform, climate change, balanced deficit reduction, reducing gun violence and the implementation of the affordable care act. with me now, jim messina, the man responsible for re-electing the president and heading this new non-profit group and he's head of the inaugural parade. this is a busy time for you jim, huh? >> hi, craig, how are you? it's busy, but a lot of fun. >> let's start with this new group here. it's set up like a 501 -- it's set up as a 501c4 group which is different from a super pac. it's able to legally coordinate with the white house. how do you think that's going to help the mission? >> look. we went out and surveyed our members across the country and two things became very apparent. one, they wanted to stay together. they had built something very special through two very tough presidential campaigns and two, they wanted to continue to work on the issues that motivated them to get involved with barack obama in the first place. you talked about them, the economy. immigration reform, climate change. all thin
growing economy along with making meaningful projects, with immigration reform, climate change, balanced deficit reduction, reducing gun violence and the implementation of the affordable care act. with me now, jim messina, the man responsible for re-electing the president and heading this new non-profit group and he's head of the inaugural parade. this is a busy time for you jim, huh? >> hi, craig, how are you? it's busy, but a lot of fun. >> let's start with this new group here....
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Jan 15, 2013
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the deficit. so it should not be surprising, given all the talk, the it the american people think washington is hurting rather than helping the country at the moment. they see their representatives concerned over paying the bills while they overwhelmingly want to focus on growing the economy and creating more jobs. so let's finish this debate and give it businesses and the world the certainty our economy and reputation are still second to none of. we pay our bills. we handle our business, and then we can move on, because america has a lot to do. we have to create more jobs, boost the wages of those that have worked and reached for energy independence, reformed immigration system. we have to give our children the best education possible and do everything we can to protect them from the horrors of gun violence. i am grateful to vice president biden for his work on this issue of gun violence and for his proposals, which i will review later today and address in the next few days and intend to vigorous
the deficit. so it should not be surprising, given all the talk, the it the american people think washington is hurting rather than helping the country at the moment. they see their representatives concerned over paying the bills while they overwhelmingly want to focus on growing the economy and creating more jobs. so let's finish this debate and give it businesses and the world the certainty our economy and reputation are still second to none of. we pay our bills. we handle our business, and...
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he is going to have to talk about more deficit reduction. they will do a will little partying this weekend they real lives it's right back to work, bill. >> word of a solution to prevent the united states from defaultingen its debt. the house majority leader eric cantor saying that lawmakers will vote next week on a short-term plan to let the government borrow more money effectively raising the debt ceiling. the deal not all worked out just yet. but apparently it this will not require the spending cuts that house republicans had wanted. just released fox news poll finds that 69% favor raising the debt limit only if there are major spending cuts involved. and 23% say it's reckless not to raise it regardless. the poll also shows more than 8 in 10 think government spending is out of control. only 11% believes it's being managed carefully. mike immanuel tracking developments on the hill tonight. what's behind this house republican plan. >> bill, a lot of g.o.p. frustration has been based on the fact the senate has not passed a budget. so republi
he is going to have to talk about more deficit reduction. they will do a will little partying this weekend they real lives it's right back to work, bill. >> word of a solution to prevent the united states from defaultingen its debt. the house majority leader eric cantor saying that lawmakers will vote next week on a short-term plan to let the government borrow more money effectively raising the debt ceiling. the deal not all worked out just yet. but apparently it this will not require the...
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starting lineup top sports stories talk about a roller-coaster ride seattle coming back from a 20 point deficit. they go with a second hail mary. atlanta wins. pate yos one whi -- patriots on away. they beat the texans. the time 41 after the hour. still ahead everyone is being forced to get health insurance or pay a fee. now it turns out obama care has more hidden secrets for taxpayers. do you want to know what it is like to be a prince or princess? it may be more of a cinderella story than a fairy tale. >> insurance companies say there has to be a mandate to make it cost effective. we have story. >> the affordable care act may get beefed up even more if insurance companies get their way. it is key to making the new law work by offsetting the cost to help six people as well. the penalty for not getting insurance is $95 or one percent of the income. in 2015 it will be $325 or two percent of your income. still much less than the cost of insurance. at those rates many healthy people will on the to forego insurance especially since they know if they get sick down the road they will not be turned aw
starting lineup top sports stories talk about a roller-coaster ride seattle coming back from a 20 point deficit. they go with a second hail mary. atlanta wins. pate yos one whi -- patriots on away. they beat the texans. the time 41 after the hour. still ahead everyone is being forced to get health insurance or pay a fee. now it turns out obama care has more hidden secrets for taxpayers. do you want to know what it is like to be a prince or princess? it may be more of a cinderella story than a...
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the fact is though we can't finish the job of deficit reduction through spending cuts alone. the cuts we've already made to priorities other than medicare medicaid, social security and defense, mean that we spend on everything from education to public safety less as a share of our economy than has been true for a generation, and that's not a recipe for growth. so, we've got to do more both to stabilize our finances over the medium and long term but also spur more growth in the short term. now, i've said i'm open to making modest adjustments to programs like medicare to protect them for future generations, and i've also said that we need more revenue through tax reform by closing loopholes in our tax code for the wealthiest americans. if we combine a balanced package of savings from spending on health care and revenues from closing loopholes, we can solve the deficit issue without sacrificing our investments in things like education that are going to help us grow. turns out, the american people agree with me. they listened to an entire year's debate over this issue and they ma
the fact is though we can't finish the job of deficit reduction through spending cuts alone. the cuts we've already made to priorities other than medicare medicaid, social security and defense, mean that we spend on everything from education to public safety less as a share of our economy than has been true for a generation, and that's not a recipe for growth. so, we've got to do more both to stabilize our finances over the medium and long term but also spur more growth in the short term. now,...
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what i'm told is that we can expect to touch as you might expect on deficits and debt. on immigration and gun control. but he is also going to address our seemingly broken politics. you have to remember the inaugural address is part of a large day of events and the people who are organizing it well placed democrats tell me that they are trying to make sure that one appeared, including the president. no one appears to b the football. they don't want people watching at home as one democrat said to me to get the idea that oh, he, meaning the president, is having a big party while the rest of us are still mired in a financial crisis, bill. >> bill: yeah. they are even having trouble filling the party. the address is monday night. we will be live on the factor. we have a really good lineup. i have seen a change in the demeanor as i said to senator rubio of president obama. is he a little more in your face than he was before the election. just real quick, rosen, you have seen that change? >> yeah. and i think the nomination of chuck hagel shows it. >> bill: okay. now, cammero
what i'm told is that we can expect to touch as you might expect on deficits and debt. on immigration and gun control. but he is also going to address our seemingly broken politics. you have to remember the inaugural address is part of a large day of events and the people who are organizing it well placed democrats tell me that they are trying to make sure that one appeared, including the president. no one appears to b the football. they don't want people watching at home as one democrat said...
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Jan 16, 2013
01/13
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CNBC
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this issue raises all the deficit issues. it should. it really is after the fact. >> the reason we're having the problem now because they don't pass a budget. >> yes. exactly. look, they're avoiding the really tough stuff, which is dealing with long term deficits which we face today. they're much worse than what we faced in the '80s and '90s. they've got to get serious about doing the hard work that has to be done on both sides of the aisle to deal with the specifics how you get this done. >> sir, do you think the u.s. has a spending problem? >> look, we've got a deficit problem. >> is that the same thing as a spending problem or is it different? >> you've got -- look, when i was in congress and when we balanced the budget in the '90s, we were taking in roughly, these figures will be a little off, roughly, we were taking in 20% of gdp and spending 20% of gdp. that seems to me to be a fair place to come out. maybe you could put it at 18, maybe you could put it at 21 or 22. but get an agreement on that, and then go to work on both sides o
this issue raises all the deficit issues. it should. it really is after the fact. >> the reason we're having the problem now because they don't pass a budget. >> yes. exactly. look, they're avoiding the really tough stuff, which is dealing with long term deficits which we face today. they're much worse than what we faced in the '80s and '90s. they've got to get serious about doing the hard work that has to be done on both sides of the aisle to deal with the specifics how you get...
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Jan 18, 2013
01/13
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FBC
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for decades this state has been running high deficits, spending, spending and spending, overborrowing and running the government programs. so you have a bunch of bad numbers. the sad part is a retired politicians look at the numbers in a lawyer they think the solution is more taxes, more spending and more government. we are trapped in a virtual circle. stuart: what is the direct link between a very active government that spends big and goes biggin to debt? show me the direct connection between that the high poverty level. >> best way to look at this is see what is happening with people leaving a little. lenore loses one person every ten minutes to other states. people are leaving companies don't want to come, they're scared of coming to illinois, much death and you can't blame them for being scared. they don't want to pay more taxes or interested that has more poor people. they want to move states that are dynamic, cutting taxes. look of other states with zero tax rates, they want to move to dynamic economies. stuart: diana workers leave and dynamic companies that want to hire do not
for decades this state has been running high deficits, spending, spending and spending, overborrowing and running the government programs. so you have a bunch of bad numbers. the sad part is a retired politicians look at the numbers in a lawyer they think the solution is more taxes, more spending and more government. we are trapped in a virtual circle. stuart: what is the direct link between a very active government that spends big and goes biggin to debt? show me the direct connection between...
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Jan 14, 2013
01/13
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KNTV
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if the issue is deficit reduction, getting our deficits sustainable over time, getting our debt in a sustainable place, then democrats and republicans in congress will have a partner with me. we can achieve that and we can achieve it fairly quickly. we know what the numbers are, we know what needs to be done, we know what a balanced approach would take. we've already done probably more than half of what we need to stabilize the debt and the deficit. there's probably been more pain and drama in getting there than we needed. and so finishing the job shouldn't be that difficult. if everybody comes to the conversation with an open mind, and if we recognize that there is some things like not paying our bills that should be out of bounds. i'm going to take one last question. jackie. >> i'd like to ask you, now that you reached the end of your first term, starting your second, about a couple of criticisms, one that's longstanding, another more recent. the longstanding one seems to become a truism of sorts that you and your staff are too insular, that you don't socialize enough. and the seco
if the issue is deficit reduction, getting our deficits sustainable over time, getting our debt in a sustainable place, then democrats and republicans in congress will have a partner with me. we can achieve that and we can achieve it fairly quickly. we know what the numbers are, we know what needs to be done, we know what a balanced approach would take. we've already done probably more than half of what we need to stabilize the debt and the deficit. there's probably been more pain and drama in...
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Jan 20, 2013
01/13
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FOXNEWS
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, or cut the deficit, at least. the president doesn't seem to be on that same page. >> yeah. look. republicans in the house and in the senate, for that matter, and the president i think so fundamentally disagree on the major issues of the day. i mean, so much so that i think common ground is very hard for them to find and will continue to be hard for them to find. the key thing to look for, john, and what people want to try to figure out, are things going to be different over the next two or four years, or do they at least start to show signs of wanting to negotiate deals where both sides are allowed to win? we have not seen that, whether you want to blame the president, whether you want to blame republicans. you just haven't seen that. they don't like each other. they don't get along well. there are no relationships there whatsoever, and that's why i'm skeptical that things will be different. and again, it kind of goes to the core of what they believe. they just don't agree on anything. i'd be shocked if they agree
, or cut the deficit, at least. the president doesn't seem to be on that same page. >> yeah. look. republicans in the house and in the senate, for that matter, and the president i think so fundamentally disagree on the major issues of the day. i mean, so much so that i think common ground is very hard for them to find and will continue to be hard for them to find. the key thing to look for, john, and what people want to try to figure out, are things going to be different over the next two...
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Jan 14, 2013
01/13
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FOXNEWSW
tv
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he knew that wasn't true and the deficit has gone through the roof and he said this to congress, deficit has gone through the roof since then. so he really -- there are a lot of republicans and one democrat, but there are a lot of republicans that didn't like his testimony. his testimony was false. and we'll see what happens. he's going to probably get the -- he's going to get it. a lot of things aren't being stopped. the republicans have not found a good way to stop things. and i'm not sure necessarily he should get stopped. this was the president's choice. the president did win the election. the president does have the right to make appointments and this is one of his appointments. but what he told congress was totally false and probably knowingly false. >> steve: i'm sure when he's called before that senate committee he's gog have an explanation of what he meant then and what he means now. >> they were tough statements and terrible statements and they couldn't have been more wrong. >> steve: yeah. turns out to be that case. all right. mr. trump, thank you very much. have a great week.
he knew that wasn't true and the deficit has gone through the roof and he said this to congress, deficit has gone through the roof since then. so he really -- there are a lot of republicans and one democrat, but there are a lot of republicans that didn't like his testimony. his testimony was false. and we'll see what happens. he's going to probably get the -- he's going to get it. a lot of things aren't being stopped. the republicans have not found a good way to stop things. and i'm not sure...
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Jan 15, 2013
01/13
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MSNBCW
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deficit. the president of the united states -- it is laughable that he would talk about republicans not being responsible on debt issues. when this president has been in the white house sin january 20, 2009, and he's yet to do anything significant on social security or medicare. he cut medicare. so he can start a new entitlement program. that's -- not making medicare more sol vent. he doesn't done anything to curb the cost of medical expenses which he said he was going do. he did nothing. he struck back room deals with hospitals, with special interests, and now he's saying republicans are being reckless? no, no. at some point it becomes more reckless to continue raising the debt ceiling without having democrats come forward with a budget, by the president of the united states, coming forward with a plan to save medicare, medicaid, and social security. we had erskine bowles on. he was very clear. steve ratner agrees. zeke emanuel agrees. democrats, good democrats, agree. that medicare and medic
deficit. the president of the united states -- it is laughable that he would talk about republicans not being responsible on debt issues. when this president has been in the white house sin january 20, 2009, and he's yet to do anything significant on social security or medicare. he cut medicare. so he can start a new entitlement program. that's -- not making medicare more sol vent. he doesn't done anything to curb the cost of medical expenses which he said he was going do. he did nothing. he...
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Jan 13, 2013
01/13
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KGO
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it would add nearly a quintillion dollars to a federal deficit budget. the not long ago in a hotel ballroom not that far away -- an idea was born. >> we're watching a new online tool called me the people to allow americans to directly petition the white house. >> reporter: it was a noble concept, the kind of thing obi-wan or obama wan kenobi would have thought of. >> help me, obi-wan kenobi. you're my only hope. >> reporter: to go on to the website, and petition for change. if 25,000 citizens agreed, the administration would respond. but faster than a light sabre, people began petitioning for all kinds of strange things from recognizing ping-pong as a school sport to deporting piers morgan for his views on guns, but the most popular idea of all -- >> i have a bad feeling about this. >> reporter: a petition to, quote, secure resources and funding and begin construction of a death star by 2016. the reason? to, quote, spur job creation and strengthen our national defense. nearly 35,000 people went online and agreed, and the white house, true to its word, re
it would add nearly a quintillion dollars to a federal deficit budget. the not long ago in a hotel ballroom not that far away -- an idea was born. >> we're watching a new online tool called me the people to allow americans to directly petition the white house. >> reporter: it was a noble concept, the kind of thing obi-wan or obama wan kenobi would have thought of. >> help me, obi-wan kenobi. you're my only hope. >> reporter: to go on to the website, and petition for...
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63
Jan 16, 2013
01/13
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LINKTV
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from disease to addiction, parenting to attention deficit disorder, his work focuses on the centrality of early childhood experiences to the development of the brain and how those who experience these experiences can impact everything from behavioral patterns to physical and mental illness. illness.
from disease to addiction, parenting to attention deficit disorder, his work focuses on the centrality of early childhood experiences to the development of the brain and how those who experience these experiences can impact everything from behavioral patterns to physical and mental illness. illness.
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Jan 16, 2013
01/13
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CSPAN
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and the deficit and we ought to cut -- we ought to eliminate government programs. certainly there are government programs that are neither efficient, effective or necessary. and those, yes, those should be cut. but when you start talking about infrastructure, this is something that we really must do. it was said that for an expenditure of some $15 billion , new york city could have protected its subway system and the shoreline from the devastation of two major storms. one that occurred a year ago and another one that occurred just 97 days or three months ago, superstorm sandy. so if we get ahead of these disasters and build the necessary protections, for example, in my district, if we build those levees, yes, it will cost money, but in one area it's about $1 billion. very expensive. no doubt about it. but if we do not protect, do not build those levees, the devastation will amount to several times that amount of money. that's precisely what happened in manhattan and in the new york city area. so, again, you spend that money up front, yes, you put people to work, ye
and the deficit and we ought to cut -- we ought to eliminate government programs. certainly there are government programs that are neither efficient, effective or necessary. and those, yes, those should be cut. but when you start talking about infrastructure, this is something that we really must do. it was said that for an expenditure of some $15 billion , new york city could have protected its subway system and the shoreline from the devastation of two major storms. one that occurred a year...
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152
Jan 13, 2013
01/13
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FOXNEWSW
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eye 152
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the problem is he is fronting for policies that are not dealing with the debt or the deficit. >> another gold man sacks guy who made a lot of money while the company was being raped. the real problem with lew, he represents the president's worst instincts, he scuttled the deal in 2011 by the introduction of more taxes and he says no, and this is obama on steroids to the left. he is pushing the country in a place that he doesn't have a mandate for but high has no opposition to stop. >> let me say one thing, the shame of these picks is they small. they are inside the beltway, they are small, they are political hacks, where the president wanted to be a transformational president. he has been re-elected. not many presidents in history are two term presidents and he can be a successful president if he does something great. the great thing he could do for a liberal democrat, is save the social safety net from financial collapse. he had the chance to do it and he still has a chance. >> others would have brought some imagination. the opposite of reagan. >> gentleman, hang in here we will come ba
the problem is he is fronting for policies that are not dealing with the debt or the deficit. >> another gold man sacks guy who made a lot of money while the company was being raped. the real problem with lew, he represents the president's worst instincts, he scuttled the deal in 2011 by the introduction of more taxes and he says no, and this is obama on steroids to the left. he is pushing the country in a place that he doesn't have a mandate for but high has no opposition to stop....
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Jan 15, 2013
01/13
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CNNW
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eye 123
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he said trimming the budget deficit should be a different discussion separate from the debt ceiling. >> raising the debt ceiling does not authorize us to spend more. all it does is say that america will pay its bills, and we are not a deadbeat nation. >> clearly house speaker john boehner thinks differently. he responded by saying, quote, the american people do not support raising the debt ceiling without reducing government spending at the same time. >>> these pens are designed to be used only by one person, but an investigation discovered that many of them were used on multiple people. >>> are you in hawaii or going there anytime soon? surfers, beware. check out this video. it's a real-life jauss. two sharks were swimming dangerously close to the show. can you believe it? look at that. you could wade in and be bitten, eaten. last year there were a total of 11 shark attacks in hawaii. >> that's what i call dangerously close. >> oh, my goodness. >> so some people in the southeast waking up to the dual danger of flooding and ice. alexandra steele in the weather center. good morning. >
he said trimming the budget deficit should be a different discussion separate from the debt ceiling. >> raising the debt ceiling does not authorize us to spend more. all it does is say that america will pay its bills, and we are not a deadbeat nation. >> clearly house speaker john boehner thinks differently. he responded by saying, quote, the american people do not support raising the debt ceiling without reducing government spending at the same time. >>> these pens are...
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Jan 14, 2013
01/13
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MSNBCW
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eye 342
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there's actually been several rounds of deficit reduction worth reviewing. back in 2010 and '11, they put a bunch of continuing resolutions or kind of spending caps onto mostly discretionary programs. in 2011 when we had the debt ceiling debacle, they agreed to the budget control act which was another billion dollars, roughly, of cuts. again, mostly from if not entirely from discretionary programs. and then, of course, we had the fiscal cliff which was $650 billion of revenue increases. so so far, we've actually had $2.4 trillion over a ten-year period of deficit reduction. but about 30% of it has come from rev lienue increases and at the other 70% from come from spending cuts. entirely from discretionary programs. >> what's the budget control act? >> it's what came out of the last debt ceiling debacle when the republicans and the democrats agreed on this trillion dollars of roughly discretionary -- all discretionary spending reductions. but the point is, none of this really touches entitlements. none of it touches the mandatory. and its $2.4 trillion. >> wh
there's actually been several rounds of deficit reduction worth reviewing. back in 2010 and '11, they put a bunch of continuing resolutions or kind of spending caps onto mostly discretionary programs. in 2011 when we had the debt ceiling debacle, they agreed to the budget control act which was another billion dollars, roughly, of cuts. again, mostly from if not entirely from discretionary programs. and then, of course, we had the fiscal cliff which was $650 billion of revenue increases. so so...
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261
Jan 20, 2013
01/13
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FOXNEWS
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eye 261
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the price to fix the dome is $61 million, but when the nation's running a $16 trillion deficit, well, that's just a drop in the bucket. >> props, all right, chad. comings up after the break, who gave the shortest inaugural address in history? followous twitter. give us your guesses. we'll pick tup after the break. . olaf gets great rewards for his small business! pizza! [ garth ] olaf's small busins earns 2% cash back on every purchase, ery day! helium delivery. put it on my spark card! [ pop! ] [ garth ] why settle for less? great businesses deserve great rewards! awesome!!! [ male announcer ] the spark business card from capital one. choose unlimited rewards with 2% cash back or double miles on every purchase, every day! what's in your wallet? well, dad, i spent my childhood living with monks learning the art of dealmaking. you've mastered monkey-style kung fu? no. priceline is different now. you don't even have to bid. master hahn taught you all that? oh, and he says to say (translated from cantonese) "you still owe him five bucks." your accent needs a little work. and these come t
the price to fix the dome is $61 million, but when the nation's running a $16 trillion deficit, well, that's just a drop in the bucket. >> props, all right, chad. comings up after the break, who gave the shortest inaugural address in history? followous twitter. give us your guesses. we'll pick tup after the break. . olaf gets great rewards for his small business! pizza! [ garth ] olaf's small busins earns 2% cash back on every purchase, ery day! helium delivery. put it on my spark card! [...